TechnipFMC plc (NYSE:FTI) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 35.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 273,853 shares of the oil and gas company's stock after acquiring an additional 71,168 shares during the period. Teacher Retirement System of Texas owned 0.06% of TechnipFMC worth $7,925,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of TechnipFMC in the fourth quarter valued at approximately $46,000. Smartleaf Asset Management LLC grew its holdings in TechnipFMC by 55.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock valued at $43,000 after buying an additional 525 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of TechnipFMC in the 4th quarter worth $45,000. EverSource Wealth Advisors LLC raised its holdings in shares of TechnipFMC by 393.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock worth $49,000 after acquiring an additional 1,338 shares during the period. Finally, V Square Quantitative Management LLC boosted its position in shares of TechnipFMC by 48.2% during the 4th quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company's stock valued at $50,000 after acquiring an additional 563 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company's stock.

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TechnipFMC Stock Up 1.4 %

NYSE:FTI traded up $0.44 during midday trading on Thursday, reaching $31.22. The company had a trading volume of 4,424,897 shares, compared to its average volume of 3,755,541. TechnipFMC plc has a 12-month low of $22.99 and a 12-month high of $33.45. The firm has a market capitalization of $13.13 billion, a price-to-earnings ratio of 20.54 and a beta of 1.54. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The stock's fifty day simple moving average is $29.61 and its 200-day simple moving average is $28.79.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.64%. TechnipFMC's payout ratio is 10.42%.

Wall Street Analysts Forecast Growth

FTI has been the topic of several recent analyst reports. Barclays boosted their target price on shares of TechnipFMC from $42.00 to $43.00 and gave the company an "overweight" rating in a report on Monday, March 3rd. Piper Sandler increased their price objective on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. TD Cowen restated a "buy" rating and issued a $37.00 target price on shares of TechnipFMC in a research report on Wednesday, November 27th. Evercore ISI increased their price target on TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a report on Wednesday, January 15th. Finally, Jefferies Financial Group upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating and boosted their price objective for the company from $29.00 to $40.00 in a report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $36.31.

Insider Activity at TechnipFMC

In related news, CAO David Light sold 10,147 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total value of $252,660.30. Following the transaction, the chief accounting officer now owns 7,529 shares of the company's stock, valued at $187,472.10. This represents a 57.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Justin Rounce sold 42,178 shares of TechnipFMC stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total value of $1,119,825.90. Following the sale, the executive vice president now directly owns 140,207 shares of the company's stock, valued at $3,722,495.85. This trade represents a 23.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 61,706 shares of company stock valued at $1,651,665 over the last 90 days. 1.06% of the stock is owned by corporate insiders.

About TechnipFMC

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.